NIELAN CONSTRUCT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NIELAN CONSTRUCT
Largest movements
- Tangible fixed assets -€287,308
down €287,308 (-13.8%), from €2.1m to €1.8m
- Cash +€243,137
up €243,137 (+323.7%), from €75,104 to €318,241
mainly Depreciation (+€217,308) and Net result for the year (+€211,523)
- Receivables within one year +€131,595
up €131,595 (+555.8%), from €23,675 to €155,271
of which Trade receivables: +€131,217
- Stocks and contracts -€32,940
down €32,940 (-22.3%), from €147,940 to €115,000
- Reserves +€155,523
up €155,523 (+30.7%), from €506,511 to €662,035
of which Distributable reserves: +€155,523
- Debts after one year -€148,785
down €148,785 (-12.9%), from €1.1m to €1.0m
- Gross operating margin +€272,434
up €272,434 (+93.1%), from €292,511 to €564,946
- Taxes +€69,467
up €69,467 (+282.4%), from €24,596 to €94,062
- Depreciation +€65,208
up €65,208 (+42.9%), from €152,100 to €217,308
- Other operating charges -€6,107
down €6,107 (-30.3%), from €20,180 to €14,073
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,409,991 | €2,451,610 | +€41,619 | +1.7% |
| Fixed assets | 21/28 | €2,077,261 | €1,789,953 | -€287,308 | -13.8% |
| Tangible fixed assets | 22/27 | €2,077,261 | €1,789,953 | -€287,308 | -13.8% |
| Land and buildings | 22 | €2,077,261 | €1,789,953 | -€287,308 | -13.8% |
| Current assets | 29/58 | €332,731 | €661,657 | +€328,927 | +98.9% |
| Amounts receivable after more than one year | 29 | €81,872 | €67,625 | -€14,247 | -17.4% |
| Other amounts receivable | 291 | €81,872 | €67,625 | -€14,247 | -17.4% |
| Stocks and contracts in progress | 3 | €147,940 | €115,000 | -€32,940 | -22.3% |
| Stocks | 30/36 | €147,940 | €115,000 | -€32,940 | -22.3% |
| Amounts receivable within one year | 40/41 | €23,675 | €155,271 | +€131,595 | +555.8% |
| Trade receivables | 40 | €1,963 | €133,180 | +€131,217 | +6685.8% |
| Other amounts receivable | 41 | €21,713 | €22,091 | +€378 | +1.7% |
| Cash at bank and in hand | 54/58 | €75,104 | €318,241 | +€243,137 | +323.7% |
| Deferred charges and accrued income | 490/1 | €4,140 | €5,521 | +€1,381 | +33.4% |
| Total equity and liabilities | 10/49 | €2,409,991 | €2,451,610 | +€41,619 | +1.7% |
| Equity | 10/15 | €956,511 | €1,112,035 | +€155,523 | +16.3% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €506,511 | €662,035 | +€155,523 | +30.7% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €461,511 | €617,035 | +€155,523 | +33.7% |
| Amounts payable | 17/49 | €1,453,480 | €1,339,576 | -€113,905 | -7.8% |
| Amounts payable after more than one year | 17 | €1,149,475 | €1,000,690 | -€148,785 | -12.9% |
| Financial debts | 170/4 | €1,149,475 | €1,000,690 | -€148,785 | -12.9% |
| Amounts payable within one year | 42/48 | €291,356 | €322,785 | +€31,429 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €171,564 | €186,702 | +€15,138 | +8.8% |
| Advances received on contracts in progress | 46 | €15,125 | - | -€15,125 | |
| Taxes, remuneration and social security | 45 | €8,981 | €27,251 | +€18,269 | +203.4% |
| Taxes | 450/3 | €8,981 | €27,251 | +€18,269 | +203.4% |
| Other amounts payable | 47/48 | €95,686 | €108,832 | +€13,147 | +13.7% |
| Accrued charges and deferred income | 492/3 | €12,649 | €16,100 | +€3,452 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,100 | €217,308 | +€65,208 | +42.9% |
| Other operating charges | 640/8 | €20,180 | €14,073 | -€6,107 | -30.3% |
| Gross operating margin | 9900 | €292,511 | €564,946 | +€272,434 | +93.1% |
| Operating profit (loss) | 9901 | €120,231 | €333,565 | +€213,334 | +177.4% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1097.8% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1097.8% |
| Financial charges | 65/66B | €32,546 | €27,990 | -€4,556 | -14.0% |
| Recurring financial charges | 65 | €32,546 | €27,990 | -€4,556 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €87,686 | €305,586 | +€217,900 | +248.5% |
| Income taxes | 67/77 | €24,596 | €94,062 | +€69,467 | +282.4% |
| Profit (loss) for the period | 9904 | €63,090 | €211,523 | +€148,433 | +235.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,090 | €211,523 | +€148,433 | +235.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.